BANKING ANALYTICS

Ranking of the Azerbaijani banking sector (ranking includes the information component of the banking sector, the main events of the world economy, the analytical review of the main indices of the banks which are being ranked)

Armenian armed forces have launched numerous large-scale attacks against Azerbaijan both across the Armenia-Azerbaijan border and along the Line of Contact, said in statement of Embassy of the Republic of Azerbaijan to the United States.

Armenia's irresponsible and provocative actions, which have led to a major escalation of violence and losses on both sides, prove once again that the protracted and illegal Armenian occupation of the internationally-recognized territory of the Republic of Azerbaijan remains the main threat to peace and security in the South Caucasus.

"The biggest threat to the peace process is existence of the Armed Forces of Armenia in the occupied territories of Azerbaijan. Therefore, the Armed Forces of Armenia, first of all, must leave the occupied territories of Azerbaijan. The faster the Armenian side is aware of this, the sooner peace, stability and certainty can be recovered in the region," the Azerbaijani Foreign Ministry said in a statement.

Armenia's intransigent approach to the peace talks as well as its refusal to address the humanitarian consequences of occupation, such as the displacement of one million civilians as a result of thorough ethnic cleansing, have long undermined peace negotiations and endangered regional stability. Armenia continues to propagate regional risks rather than act as a responsible, independent nation committed to a safe and prosperous future for its own citizens and the region.

Tangible progress on the ground, including the withdrawal of Armenian forces and positive changes to the status quo, is the key to a just, lasting and peaceful settlement of the conflict. Equally important is an unequivocal policy by the international community supporting territorial integrity of states and rejecting aggressive separatism and ethnic cleansing. Specifically, the international community should consider sanctions against Armenia to reinforce its stance against the country's increasingly violent acts and its illegal occupation of Azerbaijani territory. As the global security environment faces renewed challenges, respect for fundamental principles of international law and consistency in how the international community approaches protracted conflicts, including the Armenia-Azerbaijan conflict, remains the most responsible and constructive course.